Regal Rexnord (RRX) Scheduled to Post Earnings on Monday

Regal Rexnord (NYSE:RRXGet Rating) is scheduled to announce its earnings results after the market closes on Monday, August 1st. Analysts expect the company to announce earnings of $2.62 per share for the quarter. Regal Rexnord has set its FY22 guidance at $10.10-10.70 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Regal Rexnord (NYSE:RRXGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.24. Regal Rexnord had a net margin of 6.28% and a return on equity of 11.36%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business posted $1.98 EPS. On average, analysts expect Regal Rexnord to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Regal Rexnord Trading Up 0.7 %

Shares of Regal Rexnord stock opened at $124.24 on Monday. The company has a fifty day simple moving average of $118.69 and a 200-day simple moving average of $139.75. Regal Rexnord has a 12-month low of $108.28 and a 12-month high of $176.91. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.17 and a beta of 1.23. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

Several research firms recently commented on RRX. KeyCorp reduced their price target on shares of Regal Rexnord from $185.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. The Goldman Sachs Group reduced their price target on shares of Regal Rexnord from $181.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. StockNews.com upgraded shares of Regal Rexnord from a “hold” rating to a “buy” rating in a research report on Friday, July 8th. Finally, Barclays reduced their price target on shares of Regal Rexnord from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $165.60.

Hedge Funds Weigh In On Regal Rexnord

Large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC purchased a new position in shares of Regal Rexnord in the 1st quarter valued at about $5,209,000. The Manufacturers Life Insurance Company purchased a new position in shares of Regal Rexnord in the 1st quarter valued at about $74,826,000. Capital World Investors purchased a new position in shares of Regal Rexnord in the 1st quarter valued at about $793,975,000. Capital International Sarl purchased a new position in shares of Regal Rexnord in the 1st quarter valued at about $1,836,000. Finally, Capital Group International Inc. CA purchased a new position in shares of Regal Rexnord in the 1st quarter valued at about $2,729,000. Hedge funds and other institutional investors own 98.16% of the company’s stock.

About Regal Rexnord

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Regal Rexnord Corporation, together with its subsidiaries, designs, manufactures, and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. It operates through four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Motion Control Solutions.

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Earnings History for Regal Rexnord (NYSE:RRX)

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